AIR gives you the option to elect to automatically redirect income from your client’s Investment Wrap cash account to their nominated bank account. See here for more information on how to set up a nominated account.
AIR occurs daily. When your client receives income into their Wrap cash account, it will be redirected overnight to your client’s nominated bank account and will be received within one to two business days (depending on the receiving bank). It gives your clients access to their income quicker without having to transfer funds manually.